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Small Business Growth Act

Read twice and referred to the Committee on Finance.

Official summary

Version 00 · Introduced in Senate · Oct 8, 2004

Small Business Growth Act - Amends the Internal Revenue Code to allow certain small business employers a business tax credit for a percentage of the amount paid for employee health insurance expenses and for employee training expenses. Directs the Internal Revenue Service to implement an educational program to ensure awareness of the tax credit for employee health insurance expenses.

Authorizes appropriations for general business loans under the Small Business Act for FY 2005 through 2007. Provides for an inflation adjustment for authorized loan amounts after FY 2007. Establishes new limits for individual small business loans.

Extends until taxable year 2008 provisions allowing an increased tax deduction (up to $100,000) for small business assets in the year such assets are placed in service.

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Who introduced it

Sen. Bayh, Evan [D-IN] · D–IN

Committees

  • Finance Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Read twice and referred to the Committee on Finance.

    2. Introduced in Senate

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    Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.

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